A Penny Saved is a Penny Earned

Idioms In English

What Does “a penny saved is a penny earned” mean?

Definition:

If you say that a penny saved is a penny earned, you mean it is wise to save money.

Another variation of this idiom is the following:

a penny saved is a penny gained.

Origin

The origin of the proverb is often attributed to Benjamin Franklin, in ‘Poor Richard’s Almanac’. It is, however, unlikely that he coined the phrase.

Example(s)

It is wise not to spend all you have got on things you don’t need because, you know what they say, a penny saved is a penny gained.

This idiom is in the money category.
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